These are the 11 things the 'ultra-rich' are spending their money on
The 10th edition of the Knight Frank Wealth Report was released on Wednesday, and it gave an insight into what the Ultra-High-Net-Worth Individuals (UHNWIs) are spending their money on. UHNWIs are defined by having assets of $30m or more.
Real Estate only made up a quarter of UNHWIs spendable wealth, while almost 70% of those asked felt more conscious about displaying their wealth in public.
That hasn't stopped them spending a lot more money on all kinds of things in the last ten years. But what's notable is just how much more they're spending. While the demand for luxury property has stagnated since the crash, the appetite for other commodities and collectibles has grown by a staggering amount.
Check out our list below.